Hong Kong - Thomson Reuters, the world's leading source of intelligent information for businesses and professionals, today announced that Accelus World-Check One has won the 'Technology Development of the Year' accolade at the 15th Annual Asia Risk Awards. The awards recognize companies for their best practice in risk management and derivatives in the region.

Launched in March 2014, Accelus World-Check One is an innovative risk management solution designed to help organizations during the Know-Your-Customer (KYC) client on-boarding process, ongoing monitoring, and rescreening cycles. With features such as auto-resolution of matches, ongoing screening, an outsourced screening resolution service and enhanced due diligence report ordering, the solution is designed to be a one-stop KYC compliance solution. World-Check One simplifies screening for money laundering, counter-terrorist financing, sanctions, organized crime and threat finance, as well as providing detailed monitoring of Politically Exposed Person (PEP) relationships, enabling organizations to screen for a variety of compliance obligations and manage third party risk.

"This accolade recognizes Thomson Reuters commitment to innovation bringing together World-Check risk intelligence and the latest advances in screening technology. As regulatory demands continue to weigh on financial institutions, organizations need the technology, tools and operations that support customer due diligence," said Sanjeev Chatrath, managing director for Asia, Financial & Risk, Thomson Reuters. "Accelus World-Check One provides our customers with a broad view of relationship risk on one single platform making the process simpler, faster and more efficient, enabling them to act with confidence."

At the heart of Accelus World-Check One is the World-Check risk intelligence, which for over a decade has been recognized as the industry standard, and is used by over 5,400 customers across 170 countries, including 49 of the global top 50 banks. World-Check is supported by over 200 research analysts who seek out risk exposures on behalf of customers globally.They collectively speak over 60 languages and conduct extensive global media research using hundreds of thousands of sources, as well as monitoring in excess of 400 sanction, watch and enforcement lists. To better serve the needs of the diverse Asia region, World-Check One offers localization capabilities including Chinese, Japanese and Korean screen scripts.

"In a year in which not knowing your customer has proved very costly for some high profile global banks, it is apposite that Thomson Reuters Accelus World-Check One has won the technology development award. End users complimented the system for enabling them to screen both individuals and organizations to a degree that would be impossible using just their own in-house resources, particularly given the problems posed by multiple languages and alphabets in use across the region," said Aaron Woolner, editor, Asia Risk.

Judged by Asia Risk's Hong Kong-based editorial team and backed up by extensive due diligence with candidates' clients, the Asia Risk Awards represent the pinnacle of success for firms based in the region.

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